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Lloyds may face up to $383 million charges for rigging interest rates
Wed, Jul 30 2014. 03 32 PM

Lloyds may face up to $383 million charges for rigging interest rates

The lender, already fined £226 million, may need to set aside £500 million more to compensate consumers, according to analyst estimates
IDFC to cut foreign stake; bank to start operations by October 2015
Wed, Jul 30 2014. 03 23 PM

IDFC to cut foreign stake; bank to start operations by October 2015

Foreign investors currently own 51.7% shares and the new bank has to bring it down to below 50% as per RBI norms
Sony to delist shares from London Stock Exchange
Wed, Jul 30 2014. 02 47 PM

Sony to delist shares from London Stock Exchange

The listing of shares on LSE has become less economically rational because of low trading volume, says the company
Osram cuts 7,800 jobs as traditional bulb sales drop hastens
Wed, Jul 30 2014. 02 13 PM

Osram cuts 7,800 jobs as traditional bulb sales drop hastens

The job-cuts announced, of which 1,700 will go in Germany and 6,100 elsewhere, will help the firm save €260 million in annual costs through 2017
Social Cops raises fund from investors
Wed, Jul 30 2014. 01 39 PM

Social Cops raises fund from investors

SocialCops, the social data aggregator raises $3,20,000 fund from 500 Startups, Rajan Anandan and others
AstraZeneca buys Almirall lung drugs for up to $2.1 billion
Wed, Jul 30 2014. 01 13 PM

AstraZeneca buys Almirall lung drugs for up to $2.1 billion

Under the Almirall deal, AstraZeneca will have the right to develop and commercialise the Spanish firm’s existing lung drugs
SpiceJet falls the most in three years after tax payment report
Wed, Jul 30 2014. 12 29 PM

SpiceJet falls the most in three years after tax payment report

The airline’s shares fall as much as 12% in intra-day trade after a news report said it may have delayed tax payments
ITC to enter beverage, dairy businesses
Wed, Jul 30 2014. 12 26 PM

ITC to enter beverage, dairy businesses

A formal announcement about the new businesses at the AGM indicates that ITC has firmed up its entry strategy
Stolen coal fuelling Varanasi’s underground economy
Wed, Jul 30 2014. 10 23 AM

Stolen coal fuelling Varanasi’s underground economy

The black market for stolen coal from Coal India mines has been a part of Varanasi’s underground economy for decades
Ford converting worldwide workforce to iPhones from BlackBerry
Wed, Jul 30 2014. 09 49 AM

Ford converting worldwide workforce to iPhones from BlackBerry

Ford is hiring a mobile technology analyst whose main focus will be to oversee global deployment of corporate iPhones
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